Business

South Korean chipmakers accelerate facility investments amid booming AI demand

Published

4 days ago

July 4, 2025

Seoul [South Korea], : South Korea’s leading semiconductor companies are increasing their investments in production facilities, driven by strong forecasts for rapid growth in the artificial intelligence chip market, reported the Korea Herald.

Samsung Electronics is reviewing plans to restart construction of chip manufacturing plants in Korea, while SK hynix has recently begun building a new back-end processing facility.

Citing industry sources, the Korean English daily said that tech giant Samsung is preparing to resume work on its Pyeongtaek Campus Line 4 , where construction was halted last year.

P4, the company’s fourth major chip facility at the site, is divided into four phases. While Phases 1 and 3 are nearing completion, sources have reported that work orders have recently been issued for Phases 2 and 4, with full-scale construction expected within two to three months, the news platform added.

Initially planned for foundry production, two areas of the P4 facility are now expected to be converted into DRAM production lines. These will manufacture sixth-generation 1c DRAM using a 10-nanometer process, a technology Samsung confirmed it has successfully developed for next-generation high bandwidth memory chips.

Vice Chair Jun Young-hyun, who oversees Samsung’s semiconductor division, visited the U.S. last week and met with Nvidia, signalling the company’s commitment to closing the gap with competitors and securing new HBM chip orders.

Phase 4 is projected to have a monthly capacity of 80,000 wafers, accounting for 40 per cent of P4’s total capacity of 200,000 12-inch wafers.

Although not officially confirmed, reports suggest Samsung is also considering restarting construction of its fifth plant at the Pyeongtaek Campus, known as P5. Groundwork for P5 began in 2023 but was halted early last year, the news platform added.

The P5 facility, requiring an estimated investment of over 30 trillion won , is designed to be a complex fab for DRAM, NAND flash, and foundry production.

“We are continuously reviewing various scenarios for resuming construction of our facilities,” a Samsung official said, quoted by Korea Herald.

The report added that SK hynix is also scaling up production capacity. The chipmaker is expected to complete construction of its new M15X plant in Cheongju later this year. This facility will begin producing fifth-generation 10nm-class DRAM chips for next-generation HBM4 products, with a planned monthly capacity of approximately 90,000 wafers.

Additionally, SK hynix is investing in a new back-end production facility, dubbed “P&T 7,” also located in Cheongju. The site will enhance packaging capabilities to boost the performance and energy efficiency of advanced chips.

The DRAM market is expected to remain strong in the second half of the year, driven by demand for HBM chips, which play a key role in powering AI processors.

According to the Export-Import Bank of Korea, the global AI semiconductor market is projected to grow from USD 41.1 billion in 2022 to USD 133 billion by 2028, the Korea Herald added.

This article was generated from an automated news agency feed without modifications to text.

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Related Topics:Samsung Electronics semiconductor companies Seoul SK hynix South Korea

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Can AI run a successful vending business? An AI startup tested it out

Published

2 hours ago

July 7, 2025

Linda Becker

Because AI isn’t (yet) able to physically restock the machine, the AI model could email company employees who handled such tasks. Beyond that, however, the AI model, dubbed Claudius for the experiment, was tasked with many of the responsibilities of a traditional operator, including selecting and maintaining inventory, setting prices and maximizing profit.

The upshot: “If Anthropic were deciding today to expand into the in-office vending market, we would not hire Claudius,” the company wrote in its blog.

The experiment showed that while the AI model was effective at tasks such as identifying suppliers, adapting to users’ requests and “jailbreak resistance,” as Anthropic employees tried to trick Claudius into stock sensitive items, Claudius failed as a convenience service operator because it ignored profitable opportunities, instructed customers to make payments at a Venmo address it had imagined (instead of the one created), sold products at a loss, offered excessive discounts and mismanaged inventory.

Although version one of Project Vend wasn’t successful at the bottom line, Anthropic predicts that AI middle managers will come to pass. “It’s worth remembering that the AI won’t have to be perfect to be adopted; it will just have to be competitive with human performance at a lower cost in some cases,” the company wrote in its blog.

Read the full story here.

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Business

Suntory Global Spirits chooses Globant to build a Commercial Insights AI Agent and unlock Business Intelligence at Scale

Published

3 hours ago

July 7, 2025

The Editors

Suntory Global Spirits chooses Globant to build a Commercial Insights AI Agent and unlock Business Intelligence at Scale

PR Newswire

NEW YORK, July 7, 2025

Globant is partnering with Suntory Global Spirits to build a generative AI-powered Commercial Insights Agent
With the Agent, Suntory Global Spirits employees can access data insights and self-service intelligence, speeding up decision-making across product development, marketing, sales and strategy

NEW YORK, July 7, 2025 /PRNewswire/ — Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, today announced a reinvention partnership with Suntory Global Spirits, the world leader in premium spirits, to build and deploy a generative AI-powered Commercial Insights Agent. By compressing days of work into seconds and supporting real-time decision-making for sales, marketing, and strategy, Globant’s Commercial Insights Agent is transforming operations for the beverage company.

The AI-powered agent can interpret complex business questions across dashboards, reports, and unstructured documentation for Suntory Global Spirits, eliminating the need for manual insight requests. By automating insight retrieval, the Commercial Insights Agent reduces operating costs tied to traditional business intelligence workflows and significantly reduces time-to-action. What once required multiple cycles of back-and-forth between business and analytics teams can now be executed on demand, freeing up employees to focus on higher-value strategic tasks.

“Our work with Suntory Global Spirits exemplifies how visionary companies can harness the power of agentic and generative AI to fundamentally transform the way they operate,” said Santiago Noziglia, Retail, CPG and Automotive AI Studio CEO at Globant. “The Commercial Insights Agent is more than a productivity tool; it’s a strategic enabler that redefines how teams access knowledge, make decisions, and unlock growth. Together, we’re pushing the boundaries of what’s possible when building an AI-powered enterprise.”

Additional benefits of the Commercial Insights Agent include:

Self-serve decision support at scale: Teams at Suntory Global Spirits, especially across marketing, sales and product management, can independently access data insights, ask questions, or generate reports without bottlenecks or dependencies on other teams.
Contextual recommendations powered by GenAI: The Commercial Insights Agent is trained on internal data to provide contextual GenAI recommendations that speed up decision-making.
AI Agent foundation: The Commercial Insights Agent is just the beginning for Suntory Global Spirits, which can now use the agent as a template for new use cases across brand planning, commercial forecasting and innovation pipelines.

To learn more about Globant’s AI-powered tools, visit https://www.globant.com/enterprise-ai.

About Globant

At Globant, we create the digitally-native products that people love. We bridge the gap between businesses and consumers through technology and creativity, leveraging our expertise in AI. We dare to digitally transform organizations and strive to delight their customers.

We have more than 31,100 employees and are present in 36 countries across 5 continents, working for companies like Google, Electronic Arts, and Santander, among others.
We were named a Worldwide Leader in AI Services (2023) and a Worldwide Leader in Media Consultation, Integration, and Business Operations Cloud Service Providers (2024) by IDC MarketScape report.
We are the fastest-growing IT brand and the 5th strongest IT brand globally (2024), according to Brand Finance.
We were featured as a business case study at Harvard, MIT, and Stanford.
We are active members of The Green Software Foundation (GSF) and the Cybersecurity Tech Accord.

Contact: pr@globant.com
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For more information, visit www.globant.com.

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Business

AI Company Buys Bitcoin Miner in $9 Billion Deal to Expand Data Power

Published

3 hours ago

July 7, 2025

CPI

AI cloud provider CoreWeave announced it will acquire bitcoin mining firm Core Scientific in an all-stock transaction valued at approximately $9 billion, according to Reuters.

As AI workloads continue to surge, energy-hungry data centers have become a crucial asset. Firms like CoreWeave, which began as a crypto miner and later transitioned into AI infrastructure, are aggressively expanding their access to power and physical computing capacity. Per Reuters, the acquisition will give CoreWeave control of Core Scientific’s 1.3 gigawatts of contracted power and its development pipeline, a major boost in the race to scale AI operations.

Under the terms of the deal, Core Scientific shareholders will receive 0.1235 shares of newly issued CoreWeave stock for each Core Scientific share they hold. The offer values Core Scientific at $20.40 per share—a 66% premium over the stock’s price before deal discussions became public in late June, Reuters noted.

Despite the premium, Core Scientific’s stock dropped 22% in early trading Monday, while CoreWeave, which is backed by Nvidia, saw its shares decline 4.5%.

The acquisition is expected to help CoreWeave reduce more than $10 billion in projected future lease expenses tied to current site agreements over the next 12 years. The move not only expands CoreWeave’s energy footprint but also signals a broader trend of bitcoin miners diversifying into AI to remain viable in a rapidly shifting tech landscape.

“This acquisition accelerates our strategy to deploy AI and HPC (high-performance computing) workloads at scale,” said CoreWeave CEO Michael Intrator, in a statement released alongside the announcement.

Industry analysts see the transaction as a potential inflection point. Gautam Chhugani of Bernstein told Reuters the deal could become a blueprint for other miners looking to reposition themselves in the AI economy. Power access, he emphasized, remains the chief bottleneck for the expansion of AI-focused data centers.

Founded in 2017 as an Ethereum mining operation, CoreWeave exited the crypto mining business following Ethereum’s 2022 shift to a proof-of-stake model, which dramatically reduced miner incentives. Since then, the company has grown rapidly, with revenue surging more than eightfold last year, per its IPO filing.

Source: Reuters

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